Thought of the Day: Unemployment

1 out of 10 working American's don't have jobs, (so we are told) instead of the usual only 1 out of 20. Of that 5% that typically don't work, how many choose NOT to work because of such reasons as: they can afford not to, they are a homemaker, they have to take care of a love one - kids / parents, they are homeless, they are retired military, they are in school...et cetera.

Where does the official unemployment number come from?

If the number of unemployed comes solely from unemployment checks being sent out, then the number of American's not working much be much higher, for the reasons stated above.

However, since I recently read that Larry Summers, Mr. Obama's top economic advisor, used Google to determine that the country was much happier about the economy because less people had searched the term "economic depression" than the month prior. WHAT!? Maybe he should do some REAL research. Maybe people read it, and don't need to "google" it all day every day...

I bring this up because I wonder, again, where does the offical unemployment number come from? Hopefully not from some Federal employee "googling" or going to Wikipedia...

That being said, let us be thankful it is not like Spain, which over 18% are unemployed. That is scary. A major industrial nation with nearly double our unemployment...ouch!

That is the Thought of the Day
S.